How to Become an Investor with Minimal Effort

Author: Melina Scheuber

Have you ever felt this way?

You regularly save money, primarily in a savings account, as it provides an easy way to set aside modest amounts consistently. This method is convenient and requires minimal effort. However, you might not have ventured into investing due to feelings of apprehension and stress. Amidst work and family commitments, you may find it challenging to delve into intricate financial topics that may not pique your interest.

I can relate to your feelings.

Many women, especially, tend to overestimate the complexity and underestimate the accessibility of financial investments. Perhaps it stems from not knowing where to begin or the common habit of procrastination. This phenomenon resonates strongly among women who fear making mistakes and thus avoid taking any financial steps. While you might recognize these sentiments, do you also harbor the belief that “things will work out”?

Such feelings often lead us to hoard money in savings accounts rather than exploring potential securities market investments.

Dear Reader: Solely saving isn’t sufficient if you aim to ensure financial security in your later years!

Factors such as increased life expectancy, part-time employment and the prevailing economic climate underscore the significance of investing, especially for women.

What Can You Do?

Preparation

Work on Your Money Mindset
Your attitude towards money matters. While social outings or spending time with family are enjoyable, it’s crucial to prioritize your finances. Money will accompany you throughout your life, and giving it due attention now can shield you from future financial stresses.

Seek Professional Guidance
You don’t have to navigate the financial realm alone. Engage a knowledgeable professional to help streamline your finances. For significant investments, collaborating with an expert to devise an appropriate strategy is advisable.

Implementation

Maintain a Safety Net
If apprehension about securities market volatility prevents you from investing, consider maintaining a cash reserve. This safety net can ease your concerns about potential losses, allowing you to confidently invest surplus funds.

Understand Your Investments
Forge a personal connection with your investment choices. Opt for investments that align with your values and objectives, providing a sense of confidence and security.

Initiate and Automate
If you understand the importance of investing but struggle with execution, start small. Set up automated monthly contributions. For larger sums, consult a specialist to shape your strategy.

Consistent Investment
Automated and regular investments offer numerous benefits: initiating with modest amounts, eliminating emotional decisions, and avoiding the futile pursuit of optimal entry points.

Post-Investment

Stay Committed
In times of global uncertainty, like the Ukraine crisis or fluctuating energy prices, maintaining a long-term perspective is crucial. Resist the urge to frequently check your portfolio. Consistency and patience are virtues in the investment world.

Lastly, if you’re in a relationship, actively engage in financial discussions with your partner. Regularly review your joint financial standing, understand your pension plans, insurance coverage, and investment strategies.

Take Control of Your Finances Today
How does this resonate with you?

Would you like to be informed once Melina Scheuber or her colleagues publish articles around pension fund and financial topics ?

Please sign up for our newsletter.